Sold to China: Container traffic in the Port of Piraeus

Pamina Koenig, Sandra Poncet (), Mathieu Sanch-Maritan (), Claude Duvallet () and Yoann Pigné ()
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Sandra Poncet: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Mathieu Sanch-Maritan: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - EM - EMLyon Business School - CNRS - Centre National de la Recherche Scientifique
Claude Duvallet: LITIS - Laboratoire d'Informatique, du Traitement de l'Information et des Systèmes - ULH - Université Le Havre Normandie - NU - Normandie Université - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - INSA Rouen Normandie - Institut national des sciences appliquées Rouen Normandie - INSA - Institut National des Sciences Appliquées - NU - Normandie Université
Yoann Pigné: LITIS - Laboratoire d'Informatique, du Traitement de l'Information et des Systèmes - ULH - Université Le Havre Normandie - NU - Normandie Université - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - INSA Rouen Normandie - Institut national des sciences appliquées Rouen Normandie - INSA - Institut National des Sciences Appliquées - NU - Normandie Université

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Abstract: This article analyzes the effects of the acquisition of the Port of Piraeus by the Chinese shipping operator COSCO in July 2016 on the organization of container traffic in Europe. Using real-time container ship positions provided by vessel tracking systems between 2015 and 2019, we study the impact of the privatization of the Greek port on its attractiveness and on that of competing ports for the ships of the various operators, and more particularly of COSCO. Difference-in-difference estimates suggest that the number of container ship calls to the Port of Piraeus has increased following its privatization, but that this increase in attractiveness corresponds mainly to vessels operated by COSCO with a capacity of more than 3000 twenty-foot equivalent units, and in particular to the largest of them. We do not identify any crowding out effect between operators in Piraeus: the use of Piraeus by the vessels of other operators remains relatively unchanged. The privatization of Piraeus seems to have imposed the Greek port as COSCO's transhipment hub for the European market without this being to the detriment of ports in any other particular European area.

Keywords: Maritime traffic; Ports; Privatization (search for similar items in EconPapers)
Date: 2024-05
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Published in Review of International Economics, 2024, 32 (2), pp.510-544. ⟨10.1111/roie.12675⟩

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Related works:
Journal Article: Sold to China: Container traffic in the Port of Piraeus (2024)
Working Paper: Sold to China: Container traffic in the Port of Piraeus (2024)
Working Paper: Sold to China: Container Traffic in the Port of Piraeus (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04155035

DOI: 10.1111/roie.12675

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